China's First Biotech M&A Deal In 2022 Signals Busy Season Ahead?

CSPC acquires a little-known Guangzhou biotech to kick-start China's pharma sector consolidation in 2022, a key goal outlined in the country's recent 14th Five-Year Plan.

More and more Chinese Biotechs are teaming up with larger-scale domestic pharma companies for wider market access.
2022's first bolt-on acquisition in China signals a trend worth watching • Source: Alamy

One of China’s largest generics giants, CSPC Pharmaceutical Group Limited, has initiated its first bolt-on acquisition of 2022, drawing attention to potential merger and acquisition activity among domestic drug makers that could become a key theme to watch in the Year of the Tiger.

Hong Kong-listed CSPC announced the takeover of 51% of Guangzhou Recomgen Biotech through a wholly-owned partnership firm, according to a...

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